Apartment in Puerto Madero Buy or not?
My wife and I are currently debating on whether to buy or rent an apartment in Puerto Madero. We have our own business here in Argentina and just don't know what to do cause lots of people we know say buy others say rent, and then we also heard from various people that within the next 2 years there will probably be another crash here in Argentina. We are not really sure how that affects real estate here in Argentina if the crash does happen. Any input will be really helpful. As most you know the prices in Puerto Madero are very high so its not a small investment.
Thanks in advance.
Have you shopped various neighborhoods? I personally would not want to live in PM
The eastern corridor: Uruguay to Botanico and between Juncal and off of Libertador is interesting for less money, you receive real neighborhoods. Recoleta, outside of the very touristy zones; Palermo Aguero to the Botanico and especially between Las Heras and above Liberatador is gorgeous and more green, but with easy access to downtown for business. The further out in Palermo is really nice, but more travel distance to downtown.
I have assumed that you are looking at Puerto Madero for close to centeral business district with a little serenity. PM lacks a real community feel: local small shops and easy to reach restaurants where real Portenos eat themselves.
I assume that you are not on a tight budget and want a prime neighborhood. There are many very nice, safe neighborhood that that I have not mentioned, but they aren't as elegant and upper end.
Best of luck, learn what you want and if you can wait, there should be much lower prices in the near future. I am always looking, but don't really need to own and am not planning upon living in baires in the near future.